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The Boxwood Company sells blankets for $39 each. The following was taken from the Inventory records during May. The company had no beginning inventory on

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The Boxwood Company sells blankets for $39 each. The following was taken from the Inventory records during May. The company had no beginning inventory on May 1: Date Blankets Units Cost May 3 Purchase 10 $15 10 Sale 3 17 Purchase 12 $16 20 Sale 5 23 Sale 3 30 Purchase 9 $22 Assuming that the company uses the perpetual Inventory system, determine the ending Inventory for the month of May using the LIFO Inventory cost method. a, $484 b. $123 c. 5540 d. 5367

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